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If a stock's dividend is expected to grow at a constant rate of 7% a year, which of the following statements is CORRECT? The stock's
If a stock's dividend is expected to grow at a constant rate of 7% a year, which of the following statements is CORRECT? The stock's dividend yield is 7%. The stock's price one year from now is expected to be 7% above the current price. The expected return on the stock is 7% a year. The stock's required return must be equal to or less than 7%. The price of the stock is expected to decline in the future.
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